IT IS CRITICAL FOR

THE GROWTH
BHASKAR RAO

“THE BANK IS
ONE OF THE
FEW BANKS
WHO ADOPTS
THE LATEST
TECHNOLOGY
IN THE
INDUSTRY”

BHASKAR RAO
Asst. General Manager – I.T.
Vasai Vikas Sahakari Bank Ltd.
Q1. What edge your bank is having
in comparison to other co-operative
banks in your category?
Vasai Vikas Sahakari Bank Ltd. is one
of the youngest bank to get the sched-
uled bank status from RBI. The Bank
is having its own State-of-the-Art Data
Centre. Bank is also having the entire
I. T. and related services like entire
Clearing operation, RTGS/NEFT, card
management system, all payment sys-
tem, I. T. support and system imple-
mentation, Network and Security are
under one umbrella in the I. T. Dept.
with a sitting capacity of 45 users.
Q2. What all new I. T. Implementa-
tions your bank has taken upon in
last one year?
The Bank is one of the few banks who
adopts the latest technology in the in-
dustry. In last one year we have done
lot of new activities, one of them has
been the total revamping of the core
infrastructure of data centre whereas
we are have selected the Latest Hyper-
Converged technology with VMWare,
NAS Box etc. where we had totally re-
moved the physical server and moved
the entire core systems to the Hyper-
Converged technology alongwith
VMWare on windows platform and
NAS Box for backup solution. This
not only reduced the cooling cost and
reduced rack space, but manageability
has become easy. The drastic reduc-
tion of time and implementation of
new application etc. has also become
easy.
at the front of Network & Security,
The Bank has implemented three
layer firewall system, real-time moni-
toring and detection.
Q3. What all new I. T. solution your
bank is planning in the Near Future?
With the ever-growing Cyber Frauds
and Cyber Crimes, we are planning
to implement real-time monitoring
system, early warning and early de-
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tection and quarantine system. We
are also working on many other new
initiatives.
Q4. With the ever ending Cyber
Frauds, how your bank is safeguard-
ing its customers interest?
With the ever-growing Cyber Frauds
and Cyber Crimes, we are going to
implement real-time monitoring
system, early warning and early de-
tection and quarantine system, Daily
Reconciliation etc.
Q5. What are the key challenges for
the bank in adopting any I.T. Solu-
tions?
Our head office is located in the vil-
lage of Vasai which is far away from
the Mumbai metro. The main chal-
lenges are infrastructure, network,
electricity and trained manpower etc.
Q6.What mechanism your bank has
to detect any fraud at a very early
stage?
Cyber frauds/attacks are increasing
very rapidly and banks are the main
targets and cooperative banks are no
exceptions and it is a very serious is-
sue for the Co-operative banks. We
have deployed the best of the firewalls
with three layers. Our main focus is
on monitoring, warning, detection,
quarantine and to finally resolve the
issues. We have well deployed net-
work and security infrastructure, poli-
cies and procedure to monitor. The
main object is to protect the customer
data and minimum down-time.
Q7. How Early Warning System
(EWS) going to help in reducing
NPAs ?
NPA has become a big hurdle for all
the banks including cooperatives.
The banks must use the latest Analytic
Intelligent System which will give a
graphical presentation and early de-
tection of possible NPAs. This will def-
initely help the banks in reducing the NPAs. Analytic Intelligence plays a major
role in the banking system which detects, warns and suggest possible action
to be taken. The day-to-day monitoring of all the loans is important and with
the help of AI the task will become simple for the bank. Many AI softwares are
available in the industry and we have to select one of the best at the lesser cost,
because for co-operative cost does matters a lot.

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